This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Overview

Network management software is an integral part of computer network and is used to monitor and maintain them. Network management software facilitates smooth flow and operation of daily work processes by operating servers, routers, and databases. This software detects failures, systems, or router slowdown and automatically informs administrator about the status of these devices. Its functions also include checking server and web site availability.

Dynamics

Increasing demand for network visibility for security, increasing virtualization, increasing requirement for maintaining quality of experience and service to end-users, growing network infrastructure globally, and need for improving business operations are key factors expected to drive growth of the global network management software market over the forecast period. However, availability of free and pirated version of network management tools is expected to hamper growth of the target market. Nonetheless, increased growth in global IP traffic and cloud traffic, increasing adoption of Internet of Things (IoT), AI, and SDN, and rising demand for integrated solutions is expected to create lucrative opportunities for players in the market.

Regional Analysis

Market in North America is expected to hold majority share in the global network management software market in terms of revenue, followed by Europe and Asia Pacific over the forecast period. This is owing to the region being a frontrunner in terms of technology adoption and digitalization. Increasing adoption of cloud and virtualization is expected to drive growth in countries in Europe. Asia Pacific region is expected to register significant growth over the forecast period, owing to increasing usage of smartphones, continuous growth in the ICT infrastructure in developing countries, and emergence of advanced technologies, such as Internet of Things (IoT), mobility, and cloud services in the region. Markets in Latin America and Middle East and Africa are expected to register moderate growth over the forecast period.

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